XRP/USDRipple bounced sharply on Feb. 25 and even managed to move above $0.33108 but it could not sustain the higher levels.
The bears again pushed prices back towards the moving averages on Feb. 26.Currently, the bulls are trying to defend the moving averages.
The target levels to watch on the upside are $0.40.On the other hand, if the price slides below the moving averages again, it can drop to the next support at $0.27795.
The recovery will resume if the bulls push the price above $47.2460.
The next level to watch on the upside is $53 and above it $60. Therefore, we suggest traders hold their remaining long positions with the stop loss at $40.Our view will be invalidated if the LTC/USD pair breaks down of the 20-day EMA and plunges to the 50-day SMA.BCH/USDBitcoin Cash has been holding the support at the moving averages for the past two days.
It has not been able to rise and sustain above the 20-day EMA.A breakdown of the moving averages can attract selling that can plummet the price to $105 and if this level also fails to hold, the next support is way lower at $73.50.
Traders having long positions can maintain the stop loss at $116.On the upside, the BCH/USD pair will pick up momentum above $160. The flat moving averages and RSI at the center indicates a range formation in the near term.
XLM/USDStellar has been trading above the downtrend line for the past two days but the price has not rebounded strongly from the support.
A remaining position can be added above $12. Our bullish view will be invalidated if the bears sink the pair below the 20-day EMA. The next level to watch on the downside is the 50-day SMA.BSV/USDBitcoin SV rallied for the past two days and scaled above the overhead resistance of $71.412.
Traders can buy above $78 and keep a stop loss of $60. The target objective is $102. However, if the price struggles to break out of $90, partial profits can be booked and the stops on the rest can be trailed higher to breakeven.
Bitcoin, Ethereum, Ripple, EOS, Litecoin, Bitcoin Cash, Stellar, TRON, Binance Coin, Bitcoin SV: Price Analysis, February 27
Published on Feb 27, 2019
by Cointele | Published on Coinage
Coinage
Mentioned in this article
Recent News
View All
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.